Barclays to price autocallable knock-out buffer notes linked to three indexes via JPMorgan

By Marisa Wong

Milwaukee, April 20 - Barclays Bank plc plans to price 0% autocallable knock-out buffer notes due May 27, 2011 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the Dow Jones Euro Stoxx 50 index with a 52% weight, the FTSE 100 index with a 24% weight and the Topix index with a 24% weight.

If the basket closes at or above 107% of its initial level on any review date, the notes will be automatically called at 107% of par. The review dates will be the second trading day of each week.

If the notes are not called and the basket declines by more than 20% during the life of the notes, the payout at maturity will be par plus the basket return, and investors will be fully exposed to any basket decline. Otherwise, the payout will be par plus the greater of the basket return and a contingent minimum return of 0%.

In both cases, the payout will be subject to a maximum return of 7%.

The notes are expected to price April 23 and settle April 28.

JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc. are the agents.

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